UM  > 社會科學學院  > 經濟學系
A note on credit market development and human capital accumulation
Ho,Wai Hong
Source PublicationMacroeconomic Dynamics
ISSN13651005 14698056

This paper explores the interplay between credit market development and human capital accumulation in a two-period overlapping-generations economy with asymmetric information under the assumption that young lenders channel credits to young borrowers and acquire education. We find that, at the self-selection equilibrium, lenders will allocate more time to acquire education if the cost of screening borrowers falls. Furthermore, a longer duration of lenders' schooling time suppresses borrowers' incentive to cheat thereby enabling lenders to screen less frequently. Our preliminary cross-country empirical analysis appears to support these findings.© 2013 Cambridge University Press.

KeywordCredit Market Imperfection Human Capital
URLView the original
Indexed BySSCI
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000324551200007
Fulltext Access
Citation statistics
Cited Times [WOS]:3   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
AffiliationDepartment of EconomicsFaculty of Social Sciences and HumanitiesUniversity of Macau,Macao
First Author AffilicationFaculty of Social Sciences
Recommended Citation
GB/T 7714
Ho,Wai Hong. A note on credit market development and human capital accumulation[J]. Macroeconomic Dynamics,2013,17(7):1525-1541.
APA Ho,Wai Hong.(2013).A note on credit market development and human capital accumulation.Macroeconomic Dynamics,17(7),1525-1541.
MLA Ho,Wai Hong."A note on credit market development and human capital accumulation".Macroeconomic Dynamics 17.7(2013):1525-1541.
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Ho,Wai Hong]'s Articles
Baidu academic
Similar articles in Baidu academic
[Ho,Wai Hong]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Ho,Wai Hong]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.